Wednesday, March 24, 2010

Gbp vs Jpy 1H

Please be noted that due to the strong bounce scenario, the alt count in magenta is already invalid. A strong breakout towards the pivot and bearish continuation critical line 1 is needed to bolster towards the bearish continuation trend scenario refering to the alt count in white. Otherwise, please be careful for another bullish rally and any breakout towards the upper green trendline.